2. Richman Company had 100,000 shares of common stock outstanding as of January 1, 2020. The following common stock transactions occurred during 2020.

March 1Issued 20,000 shares for cash.

June 1Issued a 10% stock dividend.

September 1Reacquired 10,000 shares as treasury shares.

November 1Sold the 10,000 treasury shares for cash.

Instructions:

Compute the weighted-average common shares for 2020.